**CEX.IO Bitcoin Exchange ** Buy Bitcoins with Cards in iOS / Android App***

[FloridaBear]

Actually at projected next difficulty rise 20% and BTC exchange rate at $400 this is going to happen within 2 weeks and according to point 11.5 of their terms they can just stop hashing and the game is over https://cex.io/terms

Its gonna happen in ~4 days. Current projections show next difficulty will be 35.8B. At that difficulty, and todays exchange rate, 1GH would mine $0.1607 per month. Cex.io maintenance fees are $0.18 per month. Game over.

BTW, if my math isnt wrong, theoretically 1 share ought to mine
0.00001686 BTC per day now
Subtract maintenance fees ($0.15/30 days/$381 per btc)
-0.00001572 BTC
= 0.00000113 BTC dividend per day.
Multiply by 4 remaining days and I get
0.00000453 BTC

That would be fair value.

Its trading 640x higher lol.

Well said. Unless there is a drastic drop in fees, fireworks start shortly.

[1715168089]

1715168089

[1715168089]

1715168089

[1715168089]

1715168089

[ryukamiho]

Sold all ghs i had in a good value just waiting for this day.

[logictense]

I own 60 ghs at CEX.io, purchased @ .019 ghs/btc. It's been very profitable, especially if i was to sell those ghs right now at .044 ghs/btc.
I used to have a BFL 30 ghs miner, which i had directed to CEX.io a few months ago. The main reason I did this was to collect the merge mined IXcoin, Devcoin, and Namecoins, at 0% pool fee, a service not offered by BFL's pool, or Bitminter.

[Puppet]

I own 60 ghs at CEX.io, purchased @ .019 ghs/btc. It's been very profitable, especially if i was to sell those ghs right now at .044 ghs/btc.

What are you smoking? Price was never 0.019 at cex.io, well not until today.
ANd who do you think you'd sell it for at .044?

[FloridaBear]

I own 60 ghs at CEX.io, purchased @ .019 ghs/btc. It's been very profitable, especially if i was to sell those ghs right now at .044 ghs/btc.

What are you smoking? Price was never 0.019 at cex.io, well not until today.
ANd who do you think you'd sell it for at .044?

I'm also assuming logictense is missing a zero in those prices, e.g. .0019 and .0044, otherwise that makes even less sense...or maybe he bought at .019 and meant he was to sell at .0044 (but it's never going back there) or .00044 ;-)

[kingscrown]

CEX rocks, i love to use them

[CEX]

CEX.IO Officially Launches USD Deposits and Withdrawals.




We are finally proud to announce that now we accept USD via bank transfers and credit or debit cards.

Now it’s even easier to buy Bitcoins! Existing and new users are welcome to our BTC/USD exchange.

We are looking further at the addition of future enhancements such as Euro currency and DRK/USD and DOGE/USD markets.

------
Official Press Release: http://blog.cex.io/cex-io-upgrades-fiat-beta-to-the-official-release-and-expands-the-range-of-trading-pairs/
Coindesk review: http://www.coindesk.com/cex-io-us-dollar-deposits-trading-pairs/
And here’s a nice video for you to watch: https://www.youtube.com/watch?v=dfFlr9imxLg&feature=youtube_gdata_player

[ryukamiho]

I am mining for like 4 hours straigth with 2.2 mhs at ghash multipool. and after like 120 + blocks from different coins i have not yet gained a single btc converted...


All blocks having confirmations and shares of mine but nothing. What is wrong?

329066   WDC   2014-09-23 23:46:13   1493192   40.71587126   20   2816/8292513   0.00000000   0.00000000
329065   WDC   2014-09-23 23:44:58   1493190   40.71587126   22   1280/2535542   0.00000000   0.00000000
329064   WDC   2014-09-23 23:44:35   1493189   40.71587126   23   2176/5447845   0.00000000   0.00000000
329063   WDC   2014-09-23 23:43:10   1493188   40.71587126   24   2688/8187324   0.00000000   0.00000000
329062   WDC   2014-09-23 23:41:56   1493186   40.71587126   26   512/871007           0.00000000   0.00000000
329061   WDC   2014-09-23 23:41:48   1493185   40.71587126   27   7808/17746990   0.00000000   0.00000000
329060   WDC   2014-09-23 23:39:08   1493184   40.71587126   28   384/2725730   0.00000000   0.00000000
329059   WDC   2014-09-23 23:38:42   1493183   40.71587126   29   3520/10006090   0.00000000   0.00000000
329058   WDC   2014-09-23 23:37:12   1493182   40.71587126   30   2432/6154212   0.00000000   0.00000000
329057   WDC   2014-09-23 23:36:16   1493181   40.71587126   31   2752/7838192   0.00000000   0.00000000


329032   POT   2014-09-23 23:09:40   443049   210.00000000   ORPHAN   320/831064   0.00000000   0.00000000
329031   POT   2014-09-23 23:09:33   443048   210.00000000   21   512/3199132   0.00000000   0.00000000
329030   POT   2014-09-23 23:09:04   443047   210.00000000   22   1472/3525447   0.00000000   0.00000000
329029   ANC   2014-09-23 23:06:20   245600   5.00000000     1   17536/57059048   0.00000000   0.00000000
329028   POT   2014-09-23 23:05:33   443043   210.00000000   26   1408/3086174   0.00000000   0.00000000
329027   POT   2014-09-23 23:05:07   443042   210.00000000   27   1664/3632146   0.00000000   0.00000000
329026   POT   2014-09-23 23:03:40   443037   210.00000000   ORPHAN   4160/13088893   0.00000000   0.00000000

[darrenwgray]

I seem to be getting BTC from mining, but almost every block hit had a maintenance fee that was higher....

[Muhammed Zakir]

I am mining for like 4 hours straigth with 2.2 mhs at ghash multipool. and after like 120 + blocks from different coins i have not yet gained a single btc converted...


All blocks having confirmations and shares of mine but nothing. What is wrong?

329066   WDC   2014-09-23 23:46:13   1493192   40.71587126   20   2816/8292513   0.00000000   0.00000000
329065   WDC   2014-09-23 23:44:58   1493190   40.71587126   22   1280/2535542   0.00000000   0.00000000
329064   WDC   2014-09-23 23:44:35   1493189   40.71587126   23   2176/5447845   0.00000000   0.00000000
329063   WDC   2014-09-23 23:43:10   1493188   40.71587126   24   2688/8187324   0.00000000   0.00000000
329062   WDC   2014-09-23 23:41:56   1493186   40.71587126   26   512/871007           0.00000000   0.00000000
329061   WDC   2014-09-23 23:41:48   1493185   40.71587126   27   7808/17746990   0.00000000   0.00000000
329060   WDC   2014-09-23 23:39:08   1493184   40.71587126   28   384/2725730   0.00000000   0.00000000
329059   WDC   2014-09-23 23:38:42   1493183   40.71587126   29   3520/10006090   0.00000000   0.00000000
329058   WDC   2014-09-23 23:37:12   1493182   40.71587126   30   2432/6154212   0.00000000   0.00000000
329057   WDC   2014-09-23 23:36:16   1493181   40.71587126   31   2752/7838192   0.00000000   0.00000000


329032   POT   2014-09-23 23:09:40   443049   210.00000000   ORPHAN   320/831064   0.00000000   0.00000000
329031   POT   2014-09-23 23:09:33   443048   210.00000000   21   512/3199132   0.00000000   0.00000000
329030   POT   2014-09-23 23:09:04   443047   210.00000000   22   1472/3525447   0.00000000   0.00000000
329029   ANC   2014-09-23 23:06:20   245600   5.00000000     1   17536/57059048   0.00000000   0.00000000
329028   POT   2014-09-23 23:05:33   443043   210.00000000   26   1408/3086174   0.00000000   0.00000000
329027   POT   2014-09-23 23:05:07   443042   210.00000000   27   1664/3632146   0.00000000   0.00000000
329026   POT   2014-09-23 23:03:40   443037   210.00000000   ORPHAN   4160/13088893   0.00000000   0.00000000

2.2 MHs is so low. Even with ~54 GHs I am getting a few uBTC. I think it will be better for you to buy some more, at least near to 1 GHs. Good luck!

  ~~MZ~~

[FloridaBear]

I seem to be getting BTC from mining, but almost every block hit had a maintenance fee that was higher....

Just wait 2 days...

[ryukamiho]

2.2 MHs is so low. Even with ~54 GHs I am getting a few uBTC. I think it will be better for you to buy some more, at least near to 1 GHs. Good luck!

  ~~MZ~~

Zakir i have 2.2 mhs mining scrypt coins at ghash.io multi coin.   not 2.2 mhs mining bitcoin...

[Icon]

We are also actively working on our cloud mining cost structures / services and will announce news in that direction in the coming days.

Let me  guess a higher maintenance fee.. Due to price drop of btc

Icon

[Puppet]

I seem to be getting BTC from mining, but almost every block hit had a maintenance fee that was higher....

Just wait 2 days...

Its gonna be tight. Due to the sudden rise of BTC exchange rate and plummeting of hashrate (or more likely: luck), its too close to call now. At current price and D estimate, 1GH would mine $0.1796 per month for $0.18 in fees. Could go either way, but whichever way it goes, the NAV of a 1GH share is so close to zero, it might as well be zero.

[skuser]

They just lowered the fee to .105 and are back in game for few months again...https://cex.io/maintenance

[FloridaBear]

So I see they dropped the maintenance fee to $0.105/GH/month. So it rallies back to .0024, where it is only ~1000% overpriced.  

That will keep the game going until about the end of the year...ish

[CEX]

CEX.IO Maintains its Leadership in Cloud Mining

Maintenance Fee Reduction With Immediate Effect.

From $0.18 per GHS per month to $0.105. Nearly 50% reduction.

New mining hardware supply contracts signed.

Quote from Jeffrey Smith CIO:

“We are now facing tough conditions when the increasing difficulty and the low Bitcoin price have made cloud mining less profitable. However, as initial ideologists of cloud mining and Bitcoin adherents, we believe mining is crucial for confirming transactions, and the Bitcoin exchange rate can rise at any moment. Meanwhile, we overtake all the expenses for lowering maintenance cost for the cloud-based GHS up to the moment the new hardware is shipped to the doors of our data centres.”

http://blog.cex.io/cex-io-lowers-maintenance-cost/

[Icon]

So.. to clarify something please.. Before as i read it, maintenance fee was .18 cent per gh/s per hour per 24hr*30 days is that correct?

If so that's was a lot of $$ or is it just as simple as .015 cent ~ (11 cents * per gh/s  * 30 days?)

Thanks

Icon

PS

The DVC balance on the ghash.io mining page is not showing the balance @ 0.00 but on the finance tab it has the correct amount.

[FloridaBear]

So.. to clarify something please.. Before as i read it, maintenance fee was .18 cent per gh/s per hour per 24hr*30 days is that correct?

If so that's was a lot of $$ or is it just as simple as .015 cent ~ (11 cents * per gh/s  * 30 days?)

Thanks

Icon

PS

The DVC balance on the ghash.io mining page is not showing the balance @ 0.00 but on the finance tab it has the correct amount.

It's just $0.105 per GHs per month. If you bought 10 GHs, your fee would be $1.05 per month (assessed in BTC of course)

[CEX]

CEX.IO Adds New Crypto, USD and EURO Pairs

Hot on the heels of the near 50% cloud maintenance reduction we have now completed the addition of new pairs on the leading crypto trading platform:

Doge/USD
DRK/USD

DGB/BTC
USDE/BTC
MYR/BTC
AUR/BTC

BTC/EUR
LTC/EUR
DOGE/EUR

And we haven't finished yet....https://cex.io/